FOODARAMA REPORTS 6.5% SALES HIKE

FREEHOLD, N.J. -- Foodarama Supermarkets here said sales for the 13-week second quarter ended May 2 totaled $166.2 million for its 20 ShopRite stores, a 6.5% increase compared with $156.0 million for 20 stores in the prior year period. Same-store sales for the 19 stores operated in both quarters increased 2.8%. Net income was $258,000, or 23 cents per share. Earnings before interest taxes, depreciation and amortization were $3.4 million.

cents 4 cents

26 Weeks 1998 1997

Sales $336.5 million $319.3 million

Change + 5.4%

Same-store + 3.5%

Net Income $1.04 million $248,000

Change + 319%

Inc/Share 93 cents 17 cents